crondawg asked:
i know it impacts how much consumers pay on credit card debt, home equity lines of credit and car loans but what else. Thanks
COURTNEY
i know it impacts how much consumers pay on credit card debt, home equity lines of credit and car loans but what else. Thanks
COURTNEY
GORDON
When Feds cut interest rates it normally means that the hybrid car that you have been wanting would be more expensive as manufaturing rates increase proportionally as the coffee making process for Starbucks. Momentarily and sometime permanent are some structure rebuildings in Iraq as well as Afghanistan. The Middle East economy is struggling and no Fed can cut those rates.
Comment by ericsanmiguel — January 1, 2010 @ 2:45 am
REED
Basically, the Fed lowers the target interest rate that banks borrow money from each other.
Once the effective rate has been lowered, a domino effect occurs that eventually leads to lower interest rates within the general economy.
Comment by WZL — January 3, 2010 @ 5:15 am